i don't want to kill jobs in this environment. let me make one more point -- >> jim: let's let him answer the tacks thing for a moment. >> okay. >> well, we have had -- >> jim: about the idea in order to reduce the deficit, there has to be revenue in addition to cuts. >> governor romney has ruled out revenue -- [overlapping dialogue] >> the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you will never get there. you never balance the budget by raising taxes. spain -- spain spends 42% of their total commo government. >> jim: okay. >> we are spenning 42% of our economy on government. i don't wawant to go down the ph to spain. i want to go down the path of growth that puts americans to work with more money coming in because they are working. >> jim: but, mr. president, you are saying, in order to get the job done, it has to be balanced -- >> if we are serious, we have to take a